Rent-a-Radio Station

McDonald's franchises their local stores.

Many other fast food outlets and providers of goods and services everywhere also do.

It's all-American to be in the franchise business.

Which is why I think I have an out for radio operators who have had a devil of a time trying to run their monopolies since consolidation allowed them to put their clusters together.

There's even precedent for it in radio.

Remember how ABC went searching for crummy little AM signals in big markets and did long-term deals where they supplied Radio Disney content while the owner got checks and kept the license?

Well...

Why&hellip

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Radio: The Benefits of Bankruptcy

So Citadel is at 31 cents. Market cap at only $82.36 million.

Entercom is selling for a whopping 70 cents. Market cap a paltry $26.5 million.

Cumulus $1.68 a share. Market cap $71.38 million.

Salem 88 cents. Cap $20.83 million.

Emmis 60 cents. Market cap $21.82 million.

Regent 38 cents. Market cap $15.14 million.

Radio One 9 cents. Market cap $8.86 million.

Beasley $1.50 with a market cap of $35.61 million.

Spanish 19 cents. Cap $12.31 million.

Saga $4.92. Market cap $96.83 million.

And the winner is ...

Cox trading Friday at $6.19 with a market cap of $530.62&hellip

Read More  FREE SAMPLES

Radio: The Benefits of Bankruptcy

So Citadel is at 31 cents. Market cap at only $82.36 million.

Entercom is selling for a whopping 70 cents. Market cap a paltry $26.5 million.

Cumulus $1.68 a share. Market cap $71.38 million.

Salem 88 cents. Cap $20.83 million.

Emmis 60 cents. Market cap $21.82 million.

Regent 38 cents. Market cap $15.14 million.

Radio One 9 cents. Market cap $8.86 million.

Beasley $1.50 with a market cap of $35.61 million.

Spanish 19 cents. Cap $12.31 million.

Saga $4.92. Market cap $96.83 million.

And the winner is ...

Cox trading Friday at $6.19 with a market cap of $530.62&hellip

Read More  FREE SAMPLES

U.S. Radio vs. Canada (Australia, Europe)

If technology, the Internet and the next generation is killing radio, why is radio doing so much better in Canada, Australia and Europe?

Look, let me say upfront and I am going to underscore this -- I am not an expert in foreign radio. Just an observer. I will say that I have a lot of readers from around the world and although radio is challenged in America right now they report that it is not in such dire condition overseas.

Here are a few thoughts:

Regulation Is Important

Canadian broadcasters are still marching to basically the same orders as they did decades ago but radio is not dying there. Of course,&hellip

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U.S. Radio vs. Canada (Australia, Europe)

If technology, the Internet and the next generation is killing radio, why is radio doing so much better in Canada, Australia and Europe?

Look, let me say upfront and I am going to underscore this -- I am not an expert in foreign radio. Just an observer. I will say that I have a lot of readers from around the world and although radio is challenged in America right now they report that it is not in such dire condition overseas.

Here are a few thoughts:

Regulation Is Important

Canadian broadcasters are still marching to basically the same orders as they did decades ago but radio is not dying there. Of course,&hellip

Read More  FREE SAMPLES

The Radio & Records Rescue Package

They just don't get it.

The record industry is broken beyond repair.

The radio industry exists only for an older available generation.

We see poor decisions by executives in these two industries based on their inability to see what the next generation wants.

For example, in their day radio and record CEOs saw how well the simple process of finding new acts, pressing records and promoting them on radio worked. It was a beneficial relationship for both sides no matter what their rhetoric may be today.

But now, record execs cannot grasp that free downloading is their friend and that they need -- no will&hellip

Read More  FREE SAMPLES

The Radio & Records Rescue Package

They just don't get it.

The record industry is broken beyond repair.

The radio industry exists only for an older available generation.

We see poor decisions by executives in these two industries based on their inability to see what the next generation wants.

For example, in their day radio and record CEOs saw how well the simple process of finding new acts, pressing records and promoting them on radio worked. It was a beneficial relationship for both sides no matter what their rhetoric may be today.

But now, record execs cannot grasp that free downloading is their friend and that they need -- no will&hellip

Read More  FREE SAMPLES